Markets, Banking, Payments and Resolution careers

Who we are

As United Kingdom’s central bank our mission is to promote the good of the people of the UK, by maintaining monetary and financial stability.

Our balance sheet – the assets we hold and the liabilities used to fund them – is one of our most important tools for delivering monetary and financial stability. And that is where the Market, Banking, Payments and Resolution Division comes in.

If you are looking for work that is of national importance for our economy and the financial system, there are many exciting opportunities for you to join our team of more than 200 professionals from both the private and public sectors as well as different countries and backgrounds.

Markets Directorate 

Markets are a vital part of the UK’s financial system, whether in the sterling markets or managing the UK’s official foreign exchange reserves, we play a vital role in implementing the nation’s monetary policy. From influencing financial markets, to risk management, and market intelligence, if you want to work in the heart of the UK’s financial system this is a dynamic and vibrant part of the execution of the Banks policies. 

Find more information on Markets at the Bank of England

Banking Directorate

We provide banking services to over 130 overseas central banks. We do this to help support the reserve management requirements of central banks and to support the tools of global financial stability that use the operational network of central banks. This reflects sterling’s longstanding role as a reserve currency. By offering these services to central banks, it allows them to operate safely in sterling markets, reducing the credit risk that they would otherwise face when holding assets at, or transacting directly with, commercial banks. In turn, this supports international financial stability.

Find out more about Banking at the Bank of England

Payments Directorate

With more than £720 billion settled each day through our Real Time Gross Settlement service and CHAPS, the wholesale payment service, the Payments Directorate is critical to national infrastructure. The directorate is in the process of a transformational programme to renew RTGS, enhancing not just resilience but also promoting completion and innovation making this an exciting time to join.

Find out more about Payment and Settlement at the Bank of England

What we offer

We’re building a diverse and inclusive workforce where everyone’s voice matters. We’ll recognise and reward your skills and contribution. And give you opportunities to develop your career.

We do not just offer unique, interesting and rewarding work; we offer an excellent range of benefits too.

We pride ourselves on ensuring work life balance for our teams. More than a third of us work part time. Even before the Covid pandemic, most of us worked flexibly, so we can take care of others or simply to take care of ourselves.

A flexible benefits package of 7% of annual base salary – this can be taken as cash or used to buy from a range of benefits including additional leave, gym memberships and private health insurance for partner/family.

25 days annual leave (with the ability to purchase up to an additional 13 days).

Membership to the Bank’s pension scheme (non-contributory, career average). Accrual rate of 1/95 can be flexed depending on preference to take home up to 7% additional cash.

Life assurance of 4 x pensionable salary.

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